by Ean | Jul 7, 2021
As we said at the end of our previous topic, less is better! Banks and lenders like to see diversity, but not overexposure to debt. If you have a high number of accounts you need to settle every month, it is a powerful tactic to consolidate these amounts into one or...
by Ean | Jul 7, 2021
How you use your credit card and how much of it to use Having a credit card is a sure way to improve your credit score when you do it within your means! Try and avoid using the maximum credit that is supplied to you, and rather keep your available balance to about 25%...
by Ean | Jul 7, 2021
Just because you’re aiming to build a credit profile, doesn’t mean you can’t save and use other healthy financial habits too. Saving money, for example, is one of the smartest ways to ensure long term credit health. Emergency costs do happen and they are one of the...
by Ean | Jul 7, 2021
Don’t overdo it! When it comes to building a credit record, slow and steady is the only way to get there. Someone with an existing credit record might be able to achieve some short term improvements with hard work, but if you are at the beginning you will need...
by Ean | Jul 7, 2021
When you start out, a cellphone contract can be a good way to kick off your repayment records. Payments on a cell phone contract will be noted on your credit report. Most people in South Africa have phones, and you might as well get your first phone on a contract. The...
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